Ang Epekto ng Macroeconomic Forces sa Bitcoin na Umabot sa $35,000
Balita ng Ethereum ng Bitcoin QCP Capital has stated that the recent crypto rally is primarily influenced by macroeconomic factors, unlike previous increases that were associated with spot ETF developments. As the spot price of Bitcoin continues to rise, derivative indicators like perpetual funding rates, futures contracts, implied volatility, and risk reversals remain at high levels. Fidelity‘s Head of Macro, Jurrien Timmer, presents an interesting chart comparing Bitcoin’s volatility with other asset classes over the past three years. Bitcoin has reached a significant milestone by surpassing $35,000 in price, and the main driver of this increase might not be ETFs! Factors Other Than ETFs Driving Bitcoin! QCP Capital argues that the real driver behind Bitcoin breaking $35,000 last month is macroeconomic factors, contrary to the crypto communitys celebration and hopes for the approval of a spot Bitcoin ETF. QCP Capital suggests that this rally is mainly driven by macroeconomic factors, in contrast to previous rallies that were associated with spot ETF developments. This change was triggered by lower-than-expected Treasury supply estimates in the first quarter and low bond yields due to the dovish stance of the Federal Open Market Committee (FOMC), coupled with the simultaneous rise of risk assets. While this rally is significant, the potential to initiate